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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Strip malls
1601 Berry St Fort Worth, TX 76110-3817
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US82-0256606
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Total area
11,656 SF
Lot
0.57 ac (24,999 SF)
APN
36910----9----1---20
UPID
US82-0256606
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fred Loya Insurance Insurance Agency
-
Quality Control Barbershop Barber Shop
-
Luxor Staffing Employment Agency
-
World Finance Loan Service
-
Condom Sensastion Fortworth (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$902k
Blend (final)
Blend
$700k
Owner & transaction history
1601 Berry Street LLC · 10 yrs held
1601 Berry Street LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+45.8%
Warehouse, storage
$730,000
+4.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Worth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Worth submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$700,000
Current use
MEDICAL BUILDING
$1,025,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$730,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$60 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,639
Tax year 2023
Assessed value
$1,608,528
Assessed 2024
Previous assessed
$1,575,000
+2.1% YoY
Effective rate
2.22%
On assessed value
Assessed land
$300,000
Assessed improvement
$1,308,528
Land market value
$300,000
Improvement market value
$1,308,528
Total market value
$1,608,528
Applied tax rate
223.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Total area
11,656 SF
Lot
0.57 ac (24,999 SF)
APN
36910----9----1---20
UPID
US82-0256606
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$700,000
MEDICAL BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
1601 Berry Street LLC
Entity
Mailing address
PO BOX 1324, ARLINGTON, TX 76004-1324
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2020
—
1601 Berry Street LLC
—
Deed
related
—
May 7, 2018
—
1601 Berry Street LLC
—
Deed
related
$937,500 · Simmons Bk
Jul 10, 2017
—
1601 Berry Street LLC
—
Deed
related
$695,146 · Southwest Bk
Jul 29, 2015
—
1601 Berry Street LLC
Donald U Gray JR
Venders Lien
$10,000 · Southwest Bank
Jul 23, 2015
—
Gray,juarine C Family Trust
Gray Juarine C
Quit Claim Deed
related
—
Sep 26, 2014
—
Donald U Gray
Hooten,barbara J G
Grant Deed
related
—
Sep 1, 2006
—
Barbara J G Hooten
Gray,donald U
Warranty Deed
related
—
—
—
1601 Berry Street LLC
—
Loan Modification
related
$695,146 · Southwest Bk
—
—
1601 Berry Street LLC
—
Deed Of Trust
related
$937,500 · Simmons Bk
—
—
1601 Berry Street LLC
—
Loan Modification
related
$937,500 · Simmons Bk
—
—
1601 Berry Street LLC
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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